The Market Needs some Potter Magic

The Dow Jones has turned down 1.4% last week after a strong rebound. The last Harry Potter dominated the box office as fans lined up to watch the conclusion of this epic saga between good and evil. Now that Harry Potter has graduated from Hogwarts and is moving on with his life, is this going to be the same message for the markets? Is the bull run over? Time to move on? We shall see.

The MarketBOB long wave shows the long term support remains intact, with the latest bounce off the line with Cars 2.   Will Harry Potter bring more bull magic or mark the top of this market and the expected correction everyone seems to think we need?

Marketbob Long Wave July 15 2011

Another Top forming?


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